One thing we like to repeat here at SOLD.com is that, as you’re seeking different avenues for selling your house, you have plenty of options to choose from. Of course, you can always go the traditional approach, working with an agent. You can also go down the FSBO route, selling your own property without an agent’s help. There are also flat-fee brokers and discount agents who can help and provide kind of a middle ground between those other options.
Still another way to get your house sold? Sell it to an i-Buyer. That’s what we’re going to discuss in today’s post.
Remember: For a personalized recommendation of how you should go about selling your house, you can always claim a free report from SOLD.com. Request yours today!
What is an i-Buyer?
Before we go any further, a basic definition may be in order. When we talk about selling your house to an i-Buyer, what are we talking about exactly?
Basically, these are online investors… people who like to buy properties and turn them around for a profit. Selling to an i-buyer has a number of advantages, including:
- i-Buyers will pay cash, which means you can close quickly and not have to worry about your buyer qualifying for a mortgage, or the risk of your home sale falling out of escrow.
- You can sell your home without prepping it, listing it, or showing it to a parade of prospective buyers.
- i-Buyers often purchase homes that are not in the best shape. If you don’t want to renovate or repair your home for a traditional listing, the i-buyer route may be right for you.
Historically, i-Buyers have been accused of paying less than market value, though recently more studies have emerged suggesting this is not necessarily the case. You’ll want to compare the true costs of selling to an i-Buyer as compared to selling through another method to ensure you are making the right decision.
How to Sell to an i-Buyer
Now we come to the how part of the post. If you are interested in connecting with an i-Buyer, you can turn to Google and see what turns up. This will provide a list of companies, but navigating from there gets tricky. Instead, you can simply use SOLD.com’s compare tool to see what is available to you in your market.
Before meeting with an investor, it would be wise to do a little research to get a sense for what your home may be worth. This will help you know whether the extended offer is a fair offer.
Ready for Your SOLD.com Report?
These are some basic considerations to make when deciding if and when to sell to an i-Buyer… but remember, for a more detailed recommendation of how to sell your property, we encourage you to claim your free SOLD.com report. In it, we’ll give you a recommendation about how to meet your personal real estate goals, whether that means working with an agent, going FSBO, or selling to an i-Buyer.
Your FREE seller’s report awaits you. Claim your copy today, only from the team at SOLD.com.